collin invests £11180 into his bank account. he receives 4.3% per year simple interest. how much will collin have after 3 years?
1 answer:
Answer:
Step-by-step explanation:
To calculate simple interest use the following formula
Presentvalue(1+it)
where i=interest
t=time
We can easily plug in our values and solve for the answer
11180(1+0.043*3)
Put this into a calculator and get £12622.22
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